LCI Industries (NYSE:LCII) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research note released on Monday.

A number of other research analysts also recently commented on LCII. Robert W. Baird lowered their target price on LCI Industries from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Truist Financial lowered their target price on LCI Industries from $108.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, April 14th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Wednesday, February 12th. Finally, Baird R W downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and a consensus price target of $110.60.

LCI Industries Stock Up 5.0%

NYSE LCII opened at $89.76 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company has a market capitalization of $2.27 billion, a P/E ratio of 16.03 and a beta of 1.26. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The stock has a 50 day moving average price of $83.97 and a 200-day moving average price of $100.56.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.64. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. As a group, equities analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.13%. LCI Industries’s dividend payout ratio is presently 75.41%.

Institutional Trading of LCI Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after purchasing an additional 56,794 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LCI Industries by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after purchasing an additional 87,764 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of LCI Industries by 9.3% during the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company’s stock worth $60,808,000 after purchasing an additional 59,233 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after purchasing an additional 11,286 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of LCI Industries by 6.4% during the first quarter. Royce & Associates LP now owns 581,590 shares of the company’s stock worth $50,848,000 after purchasing an additional 34,967 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.